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Lloyds Banking Group has announced the appointment of Nick Williams as managing director of its transport division.
He will be tasked with leading strategic and commercial growth plans across the group's leasing business Lex Autolease, and its motor finance business Black Horse.
Williams replaces outgoing managing director Richard Jones, who is leaving the group after 28 years, of which the last seven were spent leading the transport division.
Williams joined Lloyds Banking Group in 2006, and has spent the last 16 years working in senior leadership roles in both consumer and corporate businesses.
Working alongside the existing management team, Williams will also focus on leading the group's sustainable transport commitments, which include achieving net zero emissions across the business by 2030.
He said: "The motor finance and leasing requirements from both our business and private customers has changed significantly in recent years, with a transition to sustainable methods of transport high up the agenda.
"My new role will allow me to work across both brands to ensure we are offering practical solutions that support the transition towards a zero-emission future, while guaranteeing our customers receive the very best services and propositions on the market.
"Lex Autolease and Black Horse are market leaders in vehicle leasing and funding and continue to lead the way in helping individual drivers and fleets to access the right vehicle that meets their financial and sustainability needs."
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